India's Crompton Greaves jumps on media report Grasim eyeing controlling stake

Grasim Industries

15/05/2026 10:37

** Shares of Crompton Greaves Consumer Electricals CROP.NS, RIC rise as much as 7.5% to 310.50 rupees, hitting their highest since September 2025

** Aditya Birla group's Grasim Industries GRAS.NS is interested in acquiring the consumer electricals firm, CNBC TV-18 reports, citing sources

** "We categorically deny this story," Aditya Birla group spokesperson tells Reuters

** Crompton Greaves does not immediately respond to a request for comment

** The deal may involve a combination of cash and share swap, CNBC-TV18 report says

** CROP's market value stood at ~$1.9 billion as of last close

** Grasim Industries was up 0.5%

** CROP is up 20% so far this year, while GRAS has gained 4%

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))